Companhia Brasileira de Distrib – Consensus shows a potential upside of 55.4%

Brazilian distribution company with ticker code (CBD) now has 2 analysts covering the stock with a consensus offering a Buy rating. The range between the high target price and the low target price is between $6.00 and $5. and has an average target of $5.50. With the stock’s previous close of $3.54, this indicates a potential upside of 55.4%. The 50 day moving average is $3.69 and the 200 day moving average is $4.00. The company’s market capitalization is $981 million. Company website: https://www.gpari.com.br

The potential market cap would be $1.524 million based on the market consensus.

Companhia Brasileira de Distribuição engages in the retail sale of food, clothing, household appliances, electronics and other products through its chain of supermarkets, specialty stores and department stores in Brazil. It operates in Brazilian retail segments, Grupo Éxito and other businesses. The company sells perishables, beverages, fruits, vegetables, meat, bread, sausages, dairy products, cleaning products, disposable products and personal care products; and household appliances and other non-food products, such as clothing and baby items, shoes and accessories, household items, books, magazines, CDs and DVDs, stationery, toys, sports and camping equipment, furniture, mobile phones, mattresses, household products pets, and garden equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and audio and video systems. It also offers medicines and cosmetics in its pharmacies; and non-food items at gas stations, as well as commercial space leasing and e-commerce sales. The company operates its supermarkets under the banners of Pão de Açúcar, Extra Supermercado, Mercado Extra and Compre Bem; hypermarkets under the umbrella of Extra Hyper; and nearby stores under the Mini Extra, Minuto Pão de Açúcar, Pão de Açúcar Adega and Aliados Minimercado banners; and gas stations and drugstores under the Extra and Pão de Açúcar banners, as well as selling its products through its websites. As of December 31, 2021, it operates 667 stores, 74 gas stations and 68 drugstores in 16 Brazilian states and the Federal District, as well as 15 distribution centers and warehouses in Brazil. The company was founded in 1948 and is headquartered in Sao Paulo, Brazil. Companhia Brasileira de Distribuição operates as a subsidiary of Casino, Guichard-Perrachon SA